# Bel Fuse Inc. (BELFA) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Electronic Components & Instruments. Price $192.00, market value $2.8 billion.

## Valuation
- **P/E (trailing): 45.0×**. Bel Fuse Inc. trades at 45.0× trailing earnings. The Technology median in the September 2026 study was 32.1×. Forward P/E is 19.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 3.0×**. The shares trade at 3.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 20.1×**. Enterprise value is 20.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.6%**. Free cash flow equals 2.6% of the market value.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 39.5%**. Bel Fuse Inc. keeps 39.5% of revenue after the direct cost of what it sells.
- **Operating margin: 15.9%**. 15.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.1%**. 9.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.5%**. 14.5% on shareholders' equity is solid.
- **Return on invested capital: 16.5%**. Return on all capital, debt included, is 16.5%: comfortably above what that capital costs.
- **Return on assets: 5.7%**. Each dollar of assets produces 5.7% of profit.

## Growth
- **Revenue growth (1 yr): 26.3%** (3-yr 1.1%/yr, 5-yr 7.7%/yr). Revenue grew 26.3% over the last year, against 7.7% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 29.7%/yr**. Free cash flow has compounded at 29.7% a year over three years.

## Financial health
- **Debt to equity: 0.46**. Debt is 0.46 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 3.02** (quick 3.02). Current assets cover the next year's liabilities 3.02 times.
- **Altman Z-score: 6.07**. A Z-score of 6.07 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.12%** ($0.24 per share, trailing). Bel Fuse Inc. yields 0.12%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 6%** (5% of free cash flow). 6% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 23**. 23 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (1 analyst). 1 analysts cover Bel Fuse Inc.; the consensus is strong_buy, with an average price target of $326.00 (+70% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 38.0%** (YTD 26.6%, 3-mo -20.8%). The shares are up 38.0% over twelve months including dividends.
- **From 52-week high: -34.6%** (68.4% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 2.13** (volatility 58%). Beta of 2.13 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BELFA · Page: https://foliofundamentals.com/stocks/belfa

Not investment advice.